China Trade - Highlight
12 Jan 2017
Kennede Electronics has hopes of exploring investment opportunities in a number of areas, including Africa, in a bid to reduce its production costs, while strengthening its market coverage in Asia and Europe. Additionally, in order to advance its production and global sales, Kennede Electronics is in the process to set up a company based in Hong Kong to take advantage of the city’s professional services and trade facilities.
Over this year’s Spring Festival period, Guangzhou’s retail sector recorded sales of around RMB2.71 billion, representing double-digit growth compared to the same period last year. In the city’s major commercial districts, the wide array of retailing, entertainment, catering, sports, tourism and cultural facilities on offer was seen as apt justification of Guangzhou’s claim to be a true “shoppers’ paradise”.